Viacom Will Consider IPO
Of Its New Internet Unit

LOS ANGELES -- Viacom Inc. said it will consider making a public offering of its new Internet unit that holds the online extensions of its MTV, VH1, and Nickelodeon television properties.

As expected, Viacom announced the creation of the freestanding New York unit to operate its various Internet businesses. The unit includes existing operations, such as MTV.com, but would include two new online destinations: a kids-only site with the working title of "Project Nozzle," and a music site with the working name...